Elon Musk's Net Worth Approaches $500 Billion

Elon Musk's wealth has surged to a historic $500 billion, making him the richest person in history according to the Bloomberg Billionaires Index. His fortune has largely benefited from the soaring valuations of Tesla and SpaceX after Donald Trump's 2024 presidential election victory, with Musk reportedly adding $245 billion to his wealth this year alone. Despite his immense riches, Musk resides in a modest $50,000 home in Boca Chica, Texas, and has expressed a minimalistic lifestyle, contrasting with his financial stature. His significant holdings include a 42 percent ownership in SpaceX and approximately 13 percent in Tesla. Musk's wealth growth has outpaced other billionaires, with Jeff Bezos and Mark Zuckerberg trailing far behind. The billionaire's ambitions also extend to space exploration and urban development, aligning with his investments in innovative technologies.